PMCI Employee Benefit Services | 401k Thrift Plan | Dental | Life | Medical | Vision
Offering 401(k) plan options is an excellent way to help recruit and retain quality employees.
Membership in PMCI grants you the ability to join a large-group 401(k) plan while enjoying institutional-class fees in the process. Your company can customize the plan to fit your needs.
PMCI members can take advantage of the Thrift Plan administered by Associated Benefits Corporation at major cost savings when compared to traditional plans. It is simple, cost effective and geared to maximize employee returns without unnecessary fees or service charges. The fee structure is based on the actual cost of plan administration. For a cost of $750 a year plus $45 per eligible employee annually the plan includes all record keeping, on-site employee meetings and annual Form 5500 preparation. There are no hidden fees, charges or commissions paid to marketing personnel.
The plan offers nine highly rated mutual funds with established track records and twelve target-date funds for employees who prefer a managed investment strategy. While most plans require single organizations to be valued individually, PMCI’s plan participants are grouped together when determining the mutual fund and trustee fees. This allows a small group participating in the plan to enjoy the much lower fee-structure of a larger plan.
The Associated Benefits Corporation is a not-for-profit employee benefits firm that has worked with PMCI for over ten years. They have more than a fifty year history of faithfully administering employee benefit plans to organizations of all sizes.
For more information call Associated Benefits Corporation, (800) 747-4421.
This service is exclusive to PMCI members.
Not a PMCI member? Visit this website's "Join Us!" tab for membership registration or call toll free (877) IOWA OIL | (877) 469-2645 for assistance.